How do I finance the purchase of an electric car?
Here you have two options:
- A private lease(1),
- Purchasing the car via a green mobility loan(2).
How do I choose more responsible mobility?
Choosing more responsible mobility is one of the solutions to the challenges of the energy transition. BGL BNP Paribas is stepping up its initiatives to enable you to make choices that are good for the environment.
According to figures from the International Energy Agency (IEA), the transportation sector is the second biggest producer of CO2 emissions in the world (24%) after the electricity generating industry (41%).
Although these figures also include CO2 emissions resulting from the transportation of freight, the widespread use of private cars powered by internal combustion engines for our day-to-day journeys is just as much to blame.
Act now by opting for an electric car
You can make a positive impact now by opting for an electric car rather than a car powered by an internal combustion engine (diesel/petrol).
Good to know
Green mobility remains the favoured option for reducing environmental impact:
- Travelling by bicycle,
- Using public transport,
- Car sharing,
Our partner Arval Luxembourg is also offering alternative solutions in this area – in particular electric bike rental
The lease option enables you to manage your budget by taking the cost of car ownership (insurance, servicing, tyres, etc.) off your hands. Our partner Arval Luxembourg offers a private lease solution(1) – the most appropriate solution for the majority of electric models available on the market.
If you choose to buy a car, bear in mind that the offer of a EUR 8,000 subsidy (excluding VAT) has been extended until 31 December 2024.
Why not consider our low-interest green mobility loan?
Installing a charging point at your home
Once the solar panels are in place, you’ll need to install a charging point that will enable you to charge your electric car at your home.
BGL BNP Paribas has teamed up with diego to support you in this area too. Our offer includes a fully inclusive package (charging point + installation) that will enable you to quickly benefit from a high-performance installation.
We’ll also help guide you through the process of applying for government help in order to finance your charging point. The subsidy can amount to up to 50% of the total cost (excluding VAT), depending on the number of parking bays available at your home:
- EUR 750 (basic charging) or EUR 1,200 (smart charging – OCPP) for three parking bays
- EUR 1,200 (smart charging – OCPP) or EUR 1,650 (integrated charging point as part of a collective smart charging system) for four or more parking bays
Tip
To round off the process of charging your vehicle at home, why not choose diego.mobility token for charging from our partner diego. This allows you to charge your electric vehicle at public charging stations in Luxembourg and throughout Europe.
Our partner diego offer turnkey solutions to access the world of electric mobility.
Charging your car using solar panels
To reap the financial and environmental benefits of your electric car, it’s a good idea to charge your vehicle at home – where you can benefit from the renewable energy of the sun.
By installing solar panels(3), you can produce your own electricity. You can use this to charge your car on a daily basis as well as charge all the electric devices in your home. The surplus energy produced by your installation can also be sold back to the grid, giving you additional income.
Good to know
The Luxembourg State supports the installation of solar panels throughout the country via a financial aid scheme. This allows you to obtain financial assistance amounting to up to 20% of the total cost of your investment.
To find out more, take a look at the Klima Agence website. If you’re planning a renovation project, BGL BNP Paribas can help guide you through the process.
Want to switch to more responsible mobility?
Our advisers are here for you Monday to Friday from 8.00 am to 6.00 pm on (+352) 42 42-2000.
(1) Offer subject to conditions and approval of your application by BGL BNP Paribas and Arval Luxembourg S.A., exclusive to residents of the Grand Duchy of Luxembourg.
(2) Offer subject to terms and conditions and approval of your application by the bank.
(3) Every home is unique, so it’s essential to find out more about the viability of this type of project.
Find out more about the following:
- The number of solar panels required (it’s thought that 8-10 panels are needed in order to charge a city car)
- Whether the charging point gets enough power from the solar panel feed
